Scotonomics

01/09/2025

A wee trip to Wales with MMT founder Warren Mosler. Plans being laid for 2026 to support the new Welsh Senedd Cymru members to understand the power of the lens https://mailchi.mp/scotonomics.scot/a-few-made-weeks-or-13051310

30/08/2025

Willie Thomson and founder of Warren Mosler in Cardiff. Presenting to a small group of politicians and activists in Wales. Audience included one former leader of major party in Wales and 3 x people very likely to be elected to Welsh assembly in 2026. Who knew Wales was a hot bed of MMT? Well.....it is now.

27/08/2025

We are very much looking forward to the live conversation tonight with at 8 pm, as we explore the world of work and the lives of workers in Scotland. Join us live to ask questions and hear from the Workers Observatory about the gig economy and William Thomson about the Job Guarantee.

The Workers’ Observatory was built to watch (Edinburgh) the city together, to collectively challenge conditions in self-employed and gig work, and to take co...

25/08/2025

Another week of learned helplessness from governments and media - https://mailchi.mp/scotonomics.scot/a-few-made-weeks-or-13051212 This weeks newsletter. Subscribe to not miss out.

22/08/2025

It is essential that we find other frameworks (rather than ) that better explain the structural problems in the Scottish economy.

We must introduce Scotland's sectoral balances.

GERS (Government Expenditure and Revenue Scotland), by using a neoliberal, mainstream lens, supports the idea that Scotland’s fiscal deficit is a concern for...

21/08/2025

Great show last night. Catch up now!

20/08/2025

Associate Professor Shireen Morris has long been concerned about the power of unelected central bankers. She has always questioned their supposed neutrality. In his brilliant paper on Central Banks (link below), she suggests that, “Theories of ‘monetary policy neutrality’ have facilitated inaction and atrophy of the Government’s power over monetary policy."

Her research instinct came back online when the Australian Government in 2024 proposed removing Parliament’s veto over the Central Bank. Should we really have one of the most important institutions completely outside of democratic control?

In this brilliant conversation, we take a step back to question the role of all central banks properly. Why do they all have a mandate on price stability? Can they control inflation? Why and how are they able to funnel billions of pounds to the already wealthy? We all consider where independence starts and ends.

Finally, we take a step into the future. Using an independent Scotland as a test case, how would William and Shireen co-design a brand new Scottish Central Bank?

Link to Shireen's paper:

Against Increased Central Bank Independence in Australia: Better Balancing the Unelected Authority to Decide Big Distributional Trade-offs with Principles of Constitutional Democracy
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5083556

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20/08/2025

Tonight LIVE at 8 pm. We discuss The Impact of Central Banks on the real economy - me, you, and the jobs we do.

Associate Professor Shireen Morris has long been concerned about the power of unelected central bankers. She has always questioned their supposed neutrality....

19/08/2025

In 2022, the Scottish Government announced its desire to follow the EU's fiscal rules, the "Stability and Growth Pact", once Scotland was independent and BEFORE it joined the EU. No one has ever considered the economic impact of that decision until now.

Together with German economist Dirk Ehnts, an expert on the EU's fiscal rules and monetary operations, we worked through the decision to shrink Scotland's fiscal deficit from 10% (2008-25 average) to the 3% SGP limit. READ MORE here: https://www.patreon.com/posts/136852235 and receive the report and the macroeconomic model when it is live on the 15th September.

13/08/2025

William Thomson did this course over two years. And it was fantastic. The best heterodox economic masters out there. Bar none.

11/08/2025

We are back with some LIVE podcasts!

Wednesday (20th) 8 pm UK William and Sherrin Morris discuss the role and impact of central banks and consider what a new Scottish Central Bank (after independence) should look like.

The week after (28th), Willie Thomson and Kairin van Sweeden talk to the guys from the Workers' Observatory about the gig economy, unions, and a job guarantee. Both shows will be broadcast on our Facebook channel and on YouTube. It would be great to have you on live with us!